Overall market sentiment has been down on Banco Santander-Chile (BSAC) stock lately. BSAC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver‘s Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What’s Happening With BSAC Stock Today?
Banco Santander-Chile (BSAC) stock has risen 2.06% while the S&P 500 is down -0.07% as of 11:04 AM on Tuesday, Jan 24. BSAC has risen $0.32 from the previous closing price of $15.51 on volume of 248,955 shares. Over the past year the S&P 500 is down -8.92% while BSAC is down -19.81%. BSAC earned $2.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.47.
More About Banco Santander-Chile
Founded in 1978, Banco Santander Chile is part of the Santander group and majority controlled by Santander Spain. Banco Santander is the largest bank in Chile by loans and the second largest by deposits. The bank generates most of its net interest income (roughly 65% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans. Banco Santander’s commercial loan business is more focused on small- to medium-sized companies, with firms generating more than CLP 10,000 million in revenue only making up around 5% of outstanding loans. Outside of lending, Banco Santander is the largest card issuer in the country with around 25% of the market and benefits from a long-term strategic partnership with the largest airline in the country LATAM Chile.
Source : Investor Observer